NOT LISTED FOR SALE

2975 Cove Point Rd Lusby, MD 20657

Estimated Value: $238,000 - $702,776

2.01 Acres
$257,435 Price per Acre
87,556 Sq Ft Lot

Last Sold April 11, 2022

Last sale price $599,900

Est. 14% decrease in value since last sale

Current estimated payment $3,081/month

Highlights

  • 100 Feet of Waterfront
  • Sandy Beach
  • Bay View
  • Access to Tidal Water
  • Fishing Allowed
  • 2.01 Acre Lot

About This Lot

As of April 2022

LIFE IS NOW!! DESIGN AND BUILD A BIG CHESAPEAKE BAY HOUSE WITH A POOL ON THIS GORGEOUS PRIVATE BEACH. BUILD AN OBX TYPE PLAN. NO HOA. THE SEPTIC IS INSTALLED AND HAS BEEN RECENTLY UPGRADED TO BAT SYSTEM, IMPACT FEES ARE PAID. PERMITS BEING RENEWED NOW-Save at least two years and $75k-$100k off of your project costs and timeline. The intrinsic value of what is already completed for this beachfront build site makes a huge financial and time difference. This level riparian rights beachfront lot on the Chesapeake Bay has a mound system already installed with BAT System as of 2/2021, also please check for NNI species plant removal permit for some thinning of the buffer area. The seller also brought electricity to the building site. Building permits are being updated by the Seller for approximately 79' x 60' 2-story home with 32' x 26' garage AND an inground pool. Enjoy the beauty of the sunrise from your own sandy beach. ALSO, OWNER FINANCING: The Seller will consider financing with a minimum of 25% down, 30-year amortization, minimum of 36 months of payments guaranteed at a 6% interest rate. Buyers must keep building permits updated.

Last Agent to Sell the Property

Chris McNelis

(410) 610-4045 chris@mcnelisgroup.com Berkshire Hathaway HomeServices PenFed Realty License #17858 Listed on: 05/03/2019

Berkshire Hathaway HomeServices PenFed Realty

Last Buyer's Agent

Kenneth Manor

(240) 832-9079 kensmyrealtor@outlook.com RE/MAX United Real Estate

RE/MAX United Real Estate

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,066

Lot Details

  • 2.01 Acre Lot
  • 100 Feet of Waterfront
  • Home fronts navigable water
  • Property Fronts a Bay or Harbor
  • Sandy Beach
  • Level Lot
  • Wooded Lot
  • On-Hand Building Permits

Property Views

  • Bay
  • Scenic Vista

Location

  • Flood Risk

Schools

  • Dowell Elementary School
  • Southern Middle School
  • Patuxent High School

Utilities

  • Well Required
  • Approved Septic System
  • Mound Septic
  • On Site Septic

Listing and Financial Details

  • Tax Lot 2R
  • Assessor Parcel Number 0501205870

Community Details

Overview

  • No Home Owners Association

Recreation

  • Fishing Allowed
  • Access to Tidal Water
  • Canoe or Kayak Water Access
  • Private Water Access
  • Property near a bay
  • Personal Watercraft
  • Waterski or Wakeboard
  • Sail
  • Swimming Allowed

Property Details

Property Type

Land

Est. Annual Taxes

$4,066

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Ownership: Fee Simple
  • Current Use: Land/Lot Only
  • Historic: No
  • Inclusions: Building permits being updated now with COA, Inc. BAT Septic system existing with mound system already constructed.
  • Federal Flood Zone: Yes
  • Automatically Close On Close Date: No
  • Remarks Public: LIFE IS NOW!! DESIGN AND BUILD A BIG CHESAPEAKE BAY HOUSE WITH A POOL ON THIS GORGEOUS PRIVATE BEACH. BUILD AN OBX TYPE PLAN. NO HOA. THE SEPTIC IS INSTALLED AND HAS BEEN RECENTLY UPGRADED TO BAT SYSTEM, IMPACT FEES ARE PAID. PERMITS BEING RENEWED NOW-Save at least two years and $75k-$100k off of your project costs and timeline. The intrinsic value of what is already completed for this beachfront build site makes a huge financial and time difference. This level riparian rights beachfront lot on the Chesapeake Bay has a mound system already installed with BAT System as of 2/2021, also please check for NNI species plant removal permit for some thinning of the buffer area. The seller also brought electricity to the building site. Building permits are being updated by the Seller for approximately 79' x 60' 2-story home with 32' x 26' garage AND an inground pool. Enjoy the beauty of the sunrise from your own sandy beach. ALSO, OWNER FINANCING: The Seller will consider financing with a minimum of 25% down, 30-year amortization, minimum of 36 months of payments guaranteed at a 6% interest rate. Buyers must keep building permits updated.
  • Special Features: VirtualTour

Interior Features

  • Price Per Sq Ft: 6.85
  • Street Number Modifier: 2975

Exterior Features

  • Construction Completed: No
  • View: Bay, Scenic Vista, Water
  • Water Access Features: Canoe/Kayak, Fishing Allowed, Personal Watercraft (PWC), Private Access, Swimming Allowed, Sail, Waterski/Wakeboard
  • Water Access: Yes
  • Water Body Name: Chesapeake Bay
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Tidal Water: Yes
  • Water View: Yes
  • Water Frontage In Feet: 100

Garage/Parking

  • Garage: No

Utilities

  • Refuse: 350.00
  • Central Air Conditioning: No
  • Sewer/Septic System: Mound System, On Site Septic, Approved System
  • Utilities: Electric Available
  • Water Source: Well Required
  • Municipal Trash: No

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: CALVERT COUNTY PUBLIC SCHOOLS
  • Elementary School: DOWELL
  • Middle School: SOUTHERN
  • High School: PATUXENT
  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Key: 121139842846
  • School District Source: 3rd Party
  • Elementary School: DOWELL
  • High School: PATUXENT
  • Middle Or Junior School: SOUTHERN

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Land Use Code: 010
  • Lot Count: 1
  • Lot Features: Level, Road Frontage, Trees/Wooded, Not In Development
  • Lot Size Acres: 2.01
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 87556.00
  • Possible Use: Residential
  • Topography Description: Level, beach, flood plain
  • Year Assessed: 2020
  • Zoning: R-1
  • Farmland Preservation: No
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Lease In Effect: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14975505
  • Tax Annual Amount: 4066.00
  • Assessor Parcel Number: 0501205870
  • Tax Lot: 2R
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 04/11/2022

Multi Family

  • Federal Flood Zone: AE
  • Waterfront Features: Sandy Beach

MLS Schools

  • School District Name: CALVERT COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2019
Closed on
Apr 11, 2022
Sold by
Hersman Ruth E
Bought by
Taylor Jerome L
Seller's Agent
Chris McNelis
Berkshire Hathaway HomeServices PenFed Realty
Buyer's Agent
Kenneth Manor
RE/MAX United Real Estate
List Price
$649,900
Sold Price
$599,900
Premium/Discount to List
-$50,000
-7.69%
Current Estimated Value
$517,444

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$82,456
Avg. Annual Appreciation
-4.09%

Purchase Details

Closed on
Aug 13, 2002
Sold by
Coonan Jeanne C
Bought by
Hersman John W and Hersman Ruth E

Purchase Details

Closed on
Jun 1, 1989
Sold by
Robbins Hugh R
Bought by
Coonan Jeanne C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
10.5%
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Taylor Jerome L $599,900 None Listed On Document
Hersman John W $150,000 --
Coonan Jeanne C $75,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Coonan Jeanne C $50,000
Closed Hersman John W --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/11/2022 04/11/22 Sold $599,900 0.0% --
07/20/2021 07/20/21 Price Changed $599,900 -7.7% --
05/03/2019 05/03/19 For Sale $649,900 -- --
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,408 $466,933 $0 $0
2024 $4,408 $408,567 $0 $0
2023 $3,639 $350,200 $350,200 $0
2022 $3,639 $350,200 $350,200 $0
2021 $3,639 $350,200 $350,200 $0
2020 $3,656 $350,200 $350,200 $0
2019 $3,674 $350,200 $350,200 $0
2018 $3,674 $350,200 $350,200 $0
2017 $3,726 $350,200 $0 $0
2016 -- $350,200 $0 $0
2015 $4,172 $350,200 $0 $0
2014 $4,172 $350,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Chris McNelis

    Seller's Agent in 2022

    Chris McNelis

    BHHS PenFed (actual)

    (410) 610-4045

    67 in this area

    223 Total Sales

    Chris McNelis
    Section Image
  • Kenneth Manor

    Buyer's Agent in 2022

    Kenneth Manor

    RE/MAX

    (240) 832-9079

    1 in this area

    49 Total Sales

    Kenneth Manor
    Section Image
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Map

Source: Bright MLS

MLS Number: MDCA169208

Bright MLS

APN: 01-205870

Maryland Calvert County Lusby 20657

2975 Cove Point Rd, Lusby, MD

This home is located at 2975 Cove Point Rd, Lusby, MD 20657 since 03 May 2019 and is currently estimated at $517,444. 2975 Cove Point Rd is a home located in Calvert County with nearby schools including Dowell Elementary School, Southern Middle School, and Patuxent High School.

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